The WisdomTree India Earnings Fund passed USD1bn in assets under management on 21 July 2010.
The industry’s first India ETF launched on 22 February 2008 and is the largest and most actively traded exchange-traded product providing access to local Indian securities.
"We are pleased with the success of EPI and remain committed to opening up asset classes and investment strategies which were previously difficult for regular investors to access," says Bruce Lavine, WisdomTree president and chief operating officer.
Jeremy Schwartz, WisdomTree’s director of research, adds: "India has distinguished itself as the best-performing BRIC (Brazil, Russia, India and China) country in 2010. One reason for this separation is that India’s economy is less export driven than China, Russia and Brazil, and the attractive demographics of its billion plus population has proved more resilient and less dependant on global growth."